You picked a bad day to make this thread, didn't you? It's gonna be Xbox180 from here on out.
But to address you question: I like the term Xbone. People naturally contract a name when they can and this one works terribly well. It's almost like it was intended. The actual name is simply bad. Even if you don't like "Xbone" "Xbox One" sounds/reads worse to me. It's the same with Playstation. On it's own it sounded fine but Playstation 2 and 3? Sounds dull. Initialising the names then made it sound somewhat better and, importantly for the internet, gave you good shorthand. Losing two letters isn't as much of a deal but it still tidies up the name, makes it one word and can be used without sounding positive or negative.
People could go for XB1 but then you have the PS4. That's +3 on the XB. It's also not the first XB which makes things kind of silly.
On the whole the proper name is terrible and Xbone just feels better to a lot of people. Can't blame them for MS giving their console a bad name and reacting. If you're letting a term like this affect your opinion of what they're saying and how seriously you take what they say then you're already taking thee whole concept far too seriously.

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